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November 22, 2005
By: TOM BRANNA
Helen of Troy reported record revenues and operating incomes for the first quarter. Revenues rose 17% to $107 million. Net earnings, however, dropped from $0.50 to $0.44 a share. Last year’s results were affected by proceeds from a legal settlement, while this year’s results suffered due to a loss from discontinued operations, executives said. Gross margins were trimmed by 0.6%, while operating margins improved 0.4%.
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